Prime Southampton 2 bed flat will yield c5.5%

This is a fantastic 2 bed apartment located on a highly desirable road in Southampton. We really like this scheme because:

• It's a really large flat over 850 sq.ft; bedroom 2 is over 134 sq.ft alone!
• There are less than 20 units in the development.
• The bulk of the units are owner occupied which means the common areas are immaculate and the grounds are always well kept.
• Only a small number of the units are on the rental market.
• We let and manage 2 units in this scheme which generate £950 (ground floor) and £975pcm (Top floor).
• The property appeals to professional tenants - doctors, solicitors, professors, accountants etc.
• Service charges are a little higher then norm but reflect the quality of the block and the fact that a lift is installed.
• Gross yield based on asking price is 5.4% and I would expect capital growth to be good

For a portfolio landlord this a great unit to grow your portfolio with and for those starting out it’s a quality unit that is not over priced in today’s market. If you would like anymore information on the flat please do contact me. Its well worth a look.